Hanwha has strengthened its defense and aerospace capabilities, with Hanwha Ocean becoming a subsidiary to create an integrated defense and shipbuilding group in 2025. Since 2022, Hanwha has sold its K9 Thunder self-propelled howitzer to Poland, Estonia, Romania and Norway, as well as its Chunmoo multiple launch rocket systems, positioning the group as a major global defense contractor.
Cyborg Score Rationale
Hanwha Aerospace posted annual revenue of 26.61 trillion won ($18.2 billion) and operating profit of 3.03 trillion won in 2025, marking its third consecutive year of all-time high results. Strong defense demand from multiple European countries and diversified revenue streams across shipbuilding, solar, and chemicals support solid growth trajectories.
Top Insights
Ground weapons sales generated 8.13 trillion won in revenue, nearly doubling over the past two years, with operating profit surpassing 2 trillion won for the first time
Hanwha Ocean's shipyard in Philadelphia could benefit from an expected surge in U.S. demand for liquefied natural gas carriers, while its military-vessel division is bidding for several international projects
Hanwha Systems operates in avionics and space, security and safety, and information systems services through Defense, ICT, and Other segments
Multiple subsidiary companies (Hanwha Aerospace, Hanwha Systems, Hanwha Ocean, Hanwha Solutions) operate as independent publicly-traded entities with distinct market capitalizations and revenue bases
Named Competitors
BAE Systems — Global defense and aerospace contractor
Samsung Heavy Industries — Shipbuilding and offshore engineering
Thales — Aerospace and defense systems
Fincantieri — Global shipbuilding leader
Recent Developments
(May 2026) Hanwha Power and Pembina Pipeline sign MOU for low-carbon power generation
(May 2026) Hanwha Solutions moves to fluidize 200 billion won for financial improvement
(May 2026) GTT wins Hanwha Ocean tank design order for 174,000-cbm LNG carrier
(February 2026) Hanwha Aerospace posts record 2025 earnings with 26.61 trillion won revenue and 3.03 trillion won operating profit
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